Key Votes
HB 322 - Repeals Limits on Credit Card Interest Rates for Certain Banks - Key Vote
Ohio Key Votes
Kevin Bacon voted Yea (Passage With Amendment) on this legislation.
Read recent statements Kevin Bacon made in this general time period.
Stages
- June 4, 2012 Executive Signed
- May 22, 2012 House Concurrence Vote Passed
- May 16, 2012 Senate Bill Passed
- March 28, 2012 House Bill Passed
- Sept. 13, 2011 Introduced
Family
Issues
Stage Details
Legislation - Signed (Executive) - June 4, 2012
Title: Repeals Limits on Credit Card Interest Rates for Certain Banks
Legislation - Concurrence Vote Passed (House) (68-30) - May 22, 2012 (Key vote)
Title: Repeals Limits on Credit Card Interest Rates for Certain Banks
Vote to concur with Senate amendments and pass a bill that repeals the limit on the interest that banks, savings and loan associations, and credit unions may charge on credit card balances.
- Authorizes banks, savings and loan associations, and credit unions to charge interest and fees on revolving credit agreements at rates that are equal to or lower than a bank, savings and loan association, or credit union located in another state (Sec. 1).
- Defines “revolving credit agreement” as an agreement under which a bank, savings and loan association, or credit union authorizes repeated transactions on a line of credit and the amount of credit in the agreement is made available to the extent that the outstanding balance is repaid (Sec. 1).
Legislation - Bill Passed (Senate) (19-14) - May 16, 2012 (Key vote)
Title: Repeals Limits on Credit Card Interest Rates for Certain Banks
Vote to pass a bill that repeals the limit on the interest that banks, savings and loan associations, and credit unions may charge on credit card balances.
- Authorizes banks, savings and loan associations, and credit unions to charge interest and fees on revolving credit agreements at rates that are equal to or lower than a bank, savings and loan association, or credit union located in another state (Sec. 1).
- Defines “revolving credit agreement” as an agreement under which a bank, savings and loan association, or credit union authorizes repeated transactions on a line of credit and the amount of credit in the agreement is made available to the extent that the outstanding balance is repaid (Sec. 1).
Legislation - Bill Passed (House) (57-31) - March 28, 2012
Legislation - Introduced (House) - Sept. 13, 2011
Title: Repeals Limits on Credit Card Interest Rates for Certain Banks
Sponsors
Co-sponsors
- Richard N. Adams (OH - R)
- William P. 'Bill' Coley II (OH - R)
- Courtney Eric Combs (OH - R) (Out Of Office)
- Robert D. 'Bob' Hackett (OH - R)
- Michael E. Henne (OH - R)
- Casey Kozlowski (OH - R) (Out Of Office)
- Thomas E. 'Tom' Niehaus (OH - R) (Out Of Office)
- Margaret Ann Ruhl (OH - R)
- William J. 'Bill' Seitz (OH - R)
- Gerald L. 'Jerry' Stebelton (OH - R)
- Lynn R. Wachtmann (OH - R)
